A further extension to the Coronavirus Job Retention Scheme (CJRS) has been announced by the Government.
On 17 December 2020, the Chancellor announced the scheme will run until 30 April 2021.
This means the scheme will have been in place for more than a year after being introduced in March 2020 at the beginning of the pandemic.
The Government will continue to contribute 80 per cent towards wages for employee hours not worked “to give businesses and employees across the UK certainty into the New Year” and “ahead of the 45 day redundancy notice period”.
Employers will only be required to pay wages, National Insurance Contributions (NICs) and pensions for hours worked; and NICs and pensions for hours not worked.
The Government-guaranteed Covid-19 business loan schemes have also been extended until the end of March 2021.
Joan Pettingill, Head of Employment Law & HR Services at Wake Smith Solicitors, said: “The Chancellor brought forward the review to allow businesses to plan ahead for the remainder of the winter and the New Year.”
The criteria for accessing the CJRS remains unchanged.
For help with all your employment law issues, please contact Joan Pettingill on [email protected] or call 0114 224 2087. For further information on the current schemes visit www.gov.uk
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